Existing-home sales ease more than forecast to 5.2 million

U.S. Existing Home Sales Rise 10% to 4.53 Million Rate: Video The median forecast in a Bloomberg survey called for a gain to 5.2 million. Prices picked up as inventories eased. For all of 2015, sales climbed to 5.26 million from 4.94 million. The December sales rebound was driven by industry adjustments to new mortgage regulations that had delayed closings a month earlier.

Citi names Chubak to head consumer retail banking and mortgage Citigroup on Thursday named David Chubak as head of global retail banking and mortgage for the global consumer bank.. reuters reports that Chubak will report to Stephen Bird, chief executive of.

Sales of previously owned U.S. homes eased more than forecast in March, suggesting the housing market is still finding its footing after a weak 2018. contract closings decreased to a 5.21 million annual rate, falling 4.

Sales of town homes, condos, co-ops and single-family houses, rose 1.9 percent to an annual rate of 5.3 million units after seasonal adjustment. Economists had forecast a slight decrease to 5.2 million.

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NAR also predicted that home sales would flatten in 2019 as home prices continued to grow.. concern for the industry for most of 2018 seems to be easing a bit.. Are these indicators then a harbinger of another crisis for a market that. fixed-rate mortgage below 4 percent, an existing homeowner could.

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Economists surveyed by Bloomberg had projected a 5.3 million sales pace in March. February’s reading was revised to 5.48 million from 5.51 million. Home purchases fell in all four regions, led by a 7.9% drop in the Midwest.

The networking-gear maker hasn’t reported an annual revenue gain of more than. related sales rose 8 percent to $585 million. Deferred revenue in the form of recurring software and subscriptions was.

The national median existing-home price is projected to grow between 5 and 6 percent. “solid income growth and a slight easing in underwriting standards are.. In addition, existing-home sales, which account for more than 90 percent of total. to just over 4.9 million, but should trend up to more than 5.2 million in 2015.

National Association of Realtors data shows that 5.22 million units were sold in October compared to 5.15 million in September and a forecast October result of 5.2 million. Key Takeaways. While the report shows the first increase in 6 months, October’s rate of sales is still 5.1% lower than this time last year.

Sales of previously owned U.S. homes eased more than forecast in March, suggesting the. Contract closings fell to a 5.21 million annual rate, down 4.9 percent from. U.S. home sales ease in March after surge in February.

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